Business bankruptcy can often be complex due to the number of people involved and the differing perspectives. Parties involved in a Chapter 11 bankruptcy case include not only the debtor, but also the debtor's bank, other secured creditors and lienholders, equipment lenders and equipment lessors, landlords, creditors' committees, trade creditors, litigants, bondholders and shareholders, as well as towns, cities, local utilities, state governments and the federal government. Our knowledgeable commercial bankruptcy attorneys have experience in representing all parties involved in Chapter 11 bankruptcy cases, and they use their expertise to negotiate around obstacles when possible, and litigate in court when necessary.
At Seder & Chandler, LLP, our clients benefit from our extensive experience in representing businesses in bankruptcy cases in Worcester, Boston, Springfield and New Hampshire. Our unique perspective allows us to provide valuable insight into the goals, options and motivations to all the different sides in Chapter 11, and skillful representation to assist our clients in achieving their own goals in a commercial bankruptcy case.
Central Massachusetts Chapter 11 Lawyers
In a troubling economy, it is not uncommon for a business to face financial peril. Most businesses also must deal with customers and creditors who struggle with their own financial problems and limitations. The Bankruptcy Code enables both businesses and individuals to reorganize their financial affairs and negotiate their way to a "fresh start" when facing crushing debt or litigation with creditors. The Bankruptcy Code also gives creditors and other parties certain rights and protections when enforcing their claims, liens and other rights against a debtor's estate.
If you are a business or individual in financial trouble, we will sit down with you and carefully examine your financial situation and industry to help you determine if Chapter 11 or an out-of-court solution addresses your problems and prospects for future business in the most effective way. Our firm has the necessary skills and knowledge of the Bankruptcy Code and insolvency law to help you navigate the complex path of business bankruptcy, as well as to negotiate effectively with banks, employees, utility companies, vendors, creditors' committees, and the multiple other parties to achieve the best possible solution for your business.
If your customer, or a business that owes you money, files a Chapter 11 bankruptcy, our wealth of experience representing different parties in bankruptcy court is your asset. Are you a member of an unsecured creditors' committee? We have represented several creditors' committees in successful reorganizations in Chapter 11. In one case, we won a partial assignment of a bank's claim against a debtor that enabled unsecured creditors to receive a distribution despite the lack of money in the case to pay all post-petition claims. Are you a bank with a lien on the debtor's assets? Our regular practice includes motions for relief from the automatic stay, cash collateral agreements, and negotiating plans of reorganization with debtors. Are you a landlord, equipment lessor or a party to a contract with the debtor? We have negotiated — and in some cases litigated — the way to our clients' successful rejections or assumptions of leases and contracts with commercial business debtors. Have you been sued for receiving a preferential transfer or a fraudulent conveyance? Our attorneys have negotiated, persuaded and litigated multiple preference lawsuits and fraudulent transfer actions. We even have the rare and unusual experience of trying jury trials in preference and fraudulent transfer cases in federal district court.
Whatever your situation, if you have questions regarding commercial bankruptcy or any other aspect of business law, we encourage you to contact a lawyer at Seder & Chandler, LLP, in central Massachusetts and the MetroWest Boston area.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.